You left out land and equipment depreciation and labor, 3 of the biggest costs, so doubt your 50 cents is close to reality.
Many agricultural activities are based on 10 year averages, you lose money 3-4 of the 10, break even 2-3 years, and hope to make a good income on the remaining 3-5 years.
Of course, your customers will laugh as you lose money 1/2 the time, and will scream bloody robbery the few years you are able to make something to put away for the next bad cycle.
As these cycles involve the economy, weather, and local demand, I could be in a good cycle and a person 100 miles from me could be in a bad cycle.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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